Regatta Dr Oak Harbor, WA 98277
- Warehouses
- 9,000 SF
- 0.03 lot acres
Current Use by Public Records
- Warehouses
Property Details for 0 Regatta Dr
- Lot size
- 0.03 lot acres
- Property size
- 9,000 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents six vacant Class A warehouse condo units totaling 11,700 net rentable square feet, situated on a 0.03-acre lot in Oak Harbor, WA (98277). Located at XXX NE Regatta Dr, this property boasts a prime location on Whidbey Island, offering easy access to Seattle. The one-story building, completed in January 2025, features 18'6" to 26' ceiling heights, providing ample space for various uses. Each unit is individually metered for electricity and water, and benefits from 200 AMP electrical service and 24-hour surveillance. With a pro-forma NOI of $191,000 and a 9.10% pro-forma cap rate, this multi-tenant investment property offers a strong return. The flexible space, zoned C-4, is ideal for small businesses and contractors serving the island community. The asking price is $2,100,000, or $350,000 per unit. Parking is provided at a ratio of 1.3 spaces per 1,000 square feet. This is a presale opportunity allowing customization to meet specific business needs, capitalizing on high demand and low supply in the area. Low building maintenance costs and tax rates further enhance this attractive investment. The property's APN is 36446 R13325-089-1430.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oak Harbor
- County
- Island
- State
- Washington
- Longitude
- -122.631
- Latitude
- 48.3132
